Benefits of Digital Transformation Within Your Business
Digital transformation, in the current business environment this method of operating should be ubiquitous. Yet there are still some companies that are either skeptical of this way of conducting business or do not understand the benefits of doing so.
First, you may be wondering, what is digital transformation? In short, digital transformation is the process of reviewing areas of the business, often tedious or labor-intensive tasks, and moving them onto a digital platform. This is done to conduct these tasks more efficiently and with fewer resources, and by doing so streamlining the process.
An example of digital transformation is the process of assigning work orders. Let’s say a factory has a breakdown occur on one of its machines, previously a company would have to contact the maintenance department who would find a free employee and ask them to repair the machine, often with no context or insight. Through the process of digitization, if there is a breakdown, a factory manager can review the digital schedule of maintenance employees, see who is available and assign them the task digitally. The employee will then receive the work order via email or on their smartphone along with a link to the maintenance history of the machine that is stored on a digital platform. This makes the process faster and is possible due to digitization.
What Does Your Business Need for Digital Transformation?
We now understand that digital transformation means streamlining tasks within the company with the assistance of a digital system. However, there are still several ways to do so, whether it is with software solutions or ERP systems. One of the most practical and cost-effective ways of doing so is with the assistance of a no-code platform.
A no-code platform is a digital system that allows users to create applications without having to write a single line of code. The benefit of this application is the flexibility. No matter the industry your company operates within, once you have reviewed and understood which processes need to be digitized, a no-code application can create the software solution your business needs.
Benefits of Digital Transformation
So with an understanding of what digital transformation is and what your business would require, what are the benefits?
Accurate Resource Management
Inventory and resources are crucial for ensuring a company remains operational. Whether it is human resources, such as your employees, or inventory required in your business processes, ensuring accurate management of these resources is vital to reduce waste and costs.
By digitizing your business processes with a software system your company’s employee now have access to a database to accurately record and review inventory levels. This means that double purchasing or running out of resources will not happen.
From a human resources point of view, by digitizing business processes your employees can now focus on other tasks that will provide the company with more meaningful results.
Accurate Reporting and Insight
While logbooks and excel spreadsheets may have been the industry standard in several sectors for a long time, the fact of the matter is that these methods are error-prone. Logbooks can get lost or damaged, the same can be said for an excel spreadsheet. The document can be misplaced or if the file is corrupted then it becomes unusable. By digitizing your business’s record-keeping, with a centralized digital database your company can ensure accurate and secure data.
The insight will also be provided by reviewing the information on your dashboard, which can also be customized through your no-code platform. This will allow for detailed reporting and better decision-making for your company.
Transparency Among Departments
When departments place a focus on their activities, they run the risk of working in a silo. This is counterproductive as a holistic approach allows for better decision-making. By digitizing processes within the company, such as orders placed, all departments can get an understanding of what is working and the weaknesses that must be addressed through data accessibility.
A lot of companies, especially small and medium-sized enterprises worry about the cost of a no-code platform or ERP system. Fortunately, the costs of these systems are no longer as expensive as previously thought, with some costing as little as $10 per user per month. The benefit of implementing this digital system is the money saved in the long term. For example, by implementing a digital system companies can review areas that are costing their businesses money, such as purchasing too much stock which leads to waste. These issues can be corrected and lead to the company saving more money in the long term. This makes digital transformation an intelligent investment.
Digital transformation can be an intimidating prospect for many businesses. However, by selecting the most suitable software solutions for your needs and through careful implementation your business can also reap the benefits provided. With a no-code platform, your business can have a cost-effective, scalable, and flexible solution for your company.